Capital One may give you a second chance, as it offers second chance credit cards to people with poor credit and has a reconsideration process that gives rejected applicants a second chance at approval. The Capital One Quicksilver Secured Cash Rewards Credit Card is the best second chance credit card, and you can call customer service to ask about reconsideration.
Note that Capital One will likely deny your application for a second chance card if you have a non-discharged bankruptcy on your credit report, a past-due or recently charged-off Capital One credit card account, or a Capital One card with a balance above your credit limit. Reconsideration is unlikely to be successful unless you are able to demonstrate that your credit score or financial situation has improved since you applied.
Second-Chance Credit Cards From Capital One
Rates & FeesRewards:Capital One Quicksilver Secured Cash Rewards Credit CardCapital One Quicksilver Secured Cash Rewards Credit CardLearn MoreLearn Moreon issuer's website
(see Rates & Fees)
Annual Fee: $0
Minimum Deposit: $200
Minimum Credit Required: Bad
Reports to Major Credit Bureaus: Yes
- Rates & FeesPartially-Secured:Capital One Platinum Secured Credit CardCapital One Platinum Secured Credit CardLearn MoreLearn Moreon issuer's website
(see Rates & Fees)
Annual Fee: $0
Minimum Deposit: $49, $99 or $200
Minimum Credit Required: Bad
Reports to Major Credit Bureaus: Yes
Capital One Reconsideration
If your application for a Capital One credit card is denied, Capital One may give you a second chance through its reconsideration process. Reconsideration is an opportunity for you to make the case for why Capital One should accept your application. There’s no dedicated reconsideration line, so you will need to call Capital One’s general customer service line.
You might want to ask for reconsideration if your finances have improved since you applied. Common reasons could be a pay raise from your job or a negative credit report error being resolved in your favor. Reconsideration may also be an option if you’ve fixed any incomplete or incorrect information from your original application.
Learn more about credit card reconsideration on WalletHub.
This answer was first published on 05/23/23 and it was last updated on 03/27/24. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
